Suez

Egypt’s armed forces deployed troops in the city of Suez early on Saturday after nine people were shot dead during nationwide protests against President Mohamed Mursi, underlining the country’s deep divisions as

Suez Environment, the water and waste-water treatment arm of Suez of France, and Hong Kong-listed NWS Holdings have agreed to buy 15 per cent of Chongqing Water Group for about Euro140 million (HK$1.76 billion) to tap rising demand for the resource.

The New World Group has teamed with French-based Lyonnaise des Eaux, the water division of Suez Lyonnaise des Eaux Group, in two water treatment joint ventures on the mainland, costing a combined investment of US$35 million. The pair will provide for the financing, design and construction of the plants.

New World Development and its European partner, Suez Lyonnaise des Eaux, have won a 30-year build-operate-transfer concession to build a 125 million yuan (about HK$115 million) water treatment plant in Lianjiang, Guangdong.

The franchise, signed between Sino-French Water Development and Lianjiang Water Supply, is the fifth to be awarded to the New World-Suez group in China.